Ex-NSA chief charges banks $1 million a month for advice

Published 3:03 pm, Saturday, June 21, 2014

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Number of the day

Up to $1 million

That's the monthly fee that former National Security Agency chief Keith Alexander charges banks for advice. The four-star general, who once oversaw U.S. digital defenses, has joined a growing field of cyberconsultants, and the audience is receptive. Under pressure from regulators, lawmakers and their customers, financial services firms are pouring hundreds of millions of dollars into protecting themselves from digital assaults.

Hear here

"Women are both wealth creators and wealth inheritors. They are bringing assets to a relationship."

Chris Heilmann, chief fiduciary executive of U.S. Trust, on how the majority of women entering multimillionaire marriages are on the same financial footing as men - or better. Fifty-two percent of women came into their marriage or live-in relationship with as much or more wealth as their spouse or partner, U.S. Trust said in a study released Friday. Respondents had at least $3 million of investable assets.

Heads up

Micron Technology releases quarterly earnings on Monday, and analysts predict that the memory-chip maker will post net income of $734 million, a 17-fold jump from $43 million a year earlier. Revenue is expected to jump 68 percent to $3.9 billion. The industry is consolidating, with Micron of Idaho buying Japanese rival Elpida Memory last year. That's helped Micron to boost profit margins.